Former White House Chief Strategist Bannon Says Cryptocurrencies is the Future

Steve Bannon: Former White House Chief Strategist says Cryptocurrencies is the Future

Stephen K. Bannon, the guy who helped Trump win 2016 US Presidential elections and who was the right hand man of Trump during presidential campaign was just asked a crypto question during CNBC “Delivering Alpha” event. Michelle Caruso-Cabrera, CNBC Chief International Correspondent & Co-Anchor of “Power Lunch” asked Bannon: “What does he think about the future of cryptocurrencies” to which he answered:

I think Cryptocurrencies have huge aspects in the future. Obviously, there are problems about markets they are used for. I like Bitcoin, I am invested in Bitcoin. 90% of ICOs are disasters. We are working on some utilities tokens potentially for the populist movement on a worldwide basis that we’re thinking about they’ve got to be, they have the quality. The problem is there has been too many investors blown out by things that were not thought through. But they’re the future.”

No need to be surprised that Bannon is fond of cryptocurrencies and openly declared he likes Bitcoin and currently invested in Bitcoin. He did mention about challenges and issues related to cryptocurrencies, which understandably are not uncommon to new technologies. He also mentioned that he is currently working on couple of utilities ICOs and he believes cryptocurrencies is the future.

Stephen Bannon is an American media executive, political figure, former Goldman Sachs investment banker, and the former executive chairman of Breitbart News. He was a former White House chief strategist and CEO of Trump campaign. While still in touch with Trump, he parted from white house after first seven months of Trump’s Administration, due to some policy differences.

Being a Goldman Sachs investment banker and with a profound understanding of geo-politics, Bannon’s positive remarks on cryptocurrencies and Bitcoin can be taken as a huge positive for cryptocurrencies.

You can watch Stephen Bannon’s views on cryptocurrencies in the below video.

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